The National Debt Can Crowd Out Investments in the Economy — Here’s How
The federal government is slated to borrow about $1.5 trillion this year, and that number is projected to nearly double over the next decade.
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The federal government is slated to borrow about $1.5 trillion this year, and that number is projected to nearly double over the next decade.
The primary role of the Senior Director, Tax Policy, is to track, research, analyze and assess the impacts of current, proposed and potential federal tax and revenue policies.
https://www.pgpf.org/about/careers/senior-director-tax-policy
Interest costs are on track to become the largest category of spending in the federal budget.
https://www.pgpf.org/budget-basics/what-are-interest-costs-on-the-national-debt
The retirement of the large baby boom generation will sharply push up the number of people claiming benefits each year.
https://www.pgpf.org/analysis/the-social-security-trustees-report-in-charts
If taxes are not increased or spending is not cut, CBO projects that interest costs will climb and federal debt will grow to levels that will damage our economy.
Under current law, federal debt is now projected to reach 150 percent of GDP within 30 years — by far an all-time high.
Making changes to defense, health care and Social Security will help us reduce our debt, and also leave money to fund other critical responsibilities and invest in our future.
https://www.pgpf.org/budget-basics/the-other-20-of-federal-spending
There is one cap for national defense and another cap for non-defense programs.
Here are the top ten spending categories for the federal budget.
https://www.pgpf.org/budget-basics/top-10-largest-budget-functions
National security is both a vital priority and a significant part of the federal budget.
https://www.pgpf.org/infographic/infographic-the-facts-about-us-defense-spending